Saudi, US officials discuss investment opportunities
Saudi, US officials discuss investment opportunities/node/1494996/saudi-arabia
Saudi, US officials discuss investment opportunities
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US business executives participate in an event discussion organized by the US-Saudi Arabian Business Council (USSABC) in Washington on May 9, 2019. (USSABC via Twitter)
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Majed Alonazi of the Saudi Technology Development and Investment Company (TAQNIA) and Charles Hallab of the Mayer Brown law firm led the roundtable discussion in Washington on May 9, 2019. (USSABC via Twitter)
Saudi, US officials discuss investment opportunities
Updated 11 May 2019
SPA
WASHINGTON: The US-Saudi Arabian Business Council (USSABC) held a roundtable discussion in Washington on Wednesday, to discuss investment opportunities in Saudi Arabia.
The event was hosted by the legal firm Mayer-Brown and the Saudi Technology Development and Investment Co. (TAQNIA).
More than 30 US companies participated in the roundtable, including specialists in defense, security, cybersecurity, space, renewable energy and health care.
The roundtable is just one of the many annual activities that the USSABC hosts in Saudi Arabia and America to promote partnerships between businesses from the two countries.
Saudi Hajj Ministry suspends Umrah firm, overseas agent over contract violations
Company failed to provide accommodation for a number of Umrah pilgrims, despite these services being documented in the contractual programs, ministry says
Updated 5 sec ago
Arab News
RIYADH: Saudi Arabia's Ministry of Hajj and Umrah on Sunday announced the suspension of an Umrah company and its overseas agent for failing to provide accommodation services for pilgrims in line with approved contractual programs.
In a statement carried by the Saudi Press Agency, the ministry said the company’s failure constitutes a clear violation of regulations governing services for Umrah pilgrims and visitors to the Two Holy Mosques.
It noted that a number of pilgrims arrived in the Kingdom without secured accommodation, despite these services being documented in the contractual programs.
This prompted immediate regulatory action against the company and its overseas agent under the established legal frameworks, the ministry said.
Pilgrims circumambulate the Holy Kaaba at the Grand Mosque in Makkah in this photo taken earlier this month. (SPA)
"The measures are intended to safeguard the rights of affected pilgrims, prevent a recurrence of such violations, and ensure the continued enhancement of service quality," it added.
Last June, the ministry suspended seven Umrah companies due to deficiencies in providing transport services to pilgrims.
In an earlier report quoting the Hajj Ministry and the General Authority for the Care of the Affairs of the Two Holy Mosques, SPA said more than 1.7 million Muslims from all over the world arrived in the Kingdom to perform Umrah during Jumada Al Akhira alone.
Also referred to as Jumada Al Thani, Jumada Al Akhira is the sixth month of the Islamic calendar. For Hijri year 1447, this sixth month ended on December 20, 2025 in the Gregorian calendar.
More than 1.7 million Muslims from all over the world arrived in the Kingdom to perform Umrah during Jumada Al Akhira alone. (SPA)
